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Convex Finance

Convex Finance is a DeFi protocol that lets liquidity providers and CRV/FXS/FXN token holders earn boosted rewards on Curve, Frax, and f(x) Protocol without locking their own tokens. Users deposit LP tokens to earn boosted yields, or lock CVX to participate in governance across these protocols.
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Convex Finance


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Description

Convex Finance is a decentralized platform that enables liquidity providers to deposit their LP tokens from Curve, Prisma, Frax, or f(x) into Convex and automatically begin earning rewards with a group boost applied. Users can claim rewards at any time and participate in governance by locking CVX tokens.

TVL: $484M

Hack: Yield Aggregator Other ($12K)

Chains:
ArbitrumEthereumFraxtalPolygon